Perfectly Inelastic Demand Means That Consumers

question 8

Multiple Choice

Perfectly inelastic demand means that consumers

• A) will buy a certain quantity, regardless of price.
• B) decrease their consumption as price rises.
• C) will buy a huge, almost infinite amount more, if the price falls just a little.
• D) increase their consumption as price rises.
• E) are willing to buy any quantity of the good at a given price, but none at higher prices.

---

Definitions:

Oral Sex

Sexual activity involving the stimulation of the genitalia by the use of the mouth, lips, or tongue.

Sociological Theorizing

The process of developing theories to explain social behaviors, structures, and systems, often to understand how society functions.

Modern Factory

Refers to a highly organized and technologically advanced manufacturing site designed for mass production.

Urbanization

Urbanization is the process by which cities grow and higher proportions of the population come to live in urban areas, often associated with shifts from rural to urban livelihoods.